Private Equity investors are flocking to Brazil in the run-up to the World Cup games this year and the Olympics in 2016.
Spurred largely by technology and the growth of medical tourism, several chains of dental clinics have begun operating in India.
This second part of a two-part podcast on the new face of private equity (PE) in Africa looks at the areas of the economy most ripe for growth, and also at some business models that PE firms are pursuing.
GDP growth in Sub-Saharan Africa last year hit 4.4%, with a third of the countries in the region growing at a robust 6% annual rate. Many analysts believe this helps sets the stage for long-term growth, underpinned by a growing middle class and rising foreign investment.
Some $200 billion of new capital went to private equity and venture capital management partnerships globally in 2012. For the first time, 20% of that total — some $40 billion — went to fund managers in emerging market countries overall and only $15 billion went to the BRICS. The 2013 Wharton Private Equity Review, sponsored by EY, explores this major shift in articles based on the 2013 Wharton Private Equity & Venture Capital Conference. Also included are articles that look at: U.S. regulatory developments in PE; how one company helped to recapitalize a troubled Irish bank, and how PE helps to create value more generally.
Naspers of South Africa, through its joint venture the Ibibo Group, has acquired Indian online bus ticketing company redBus.
Emerging and pioneer markets are beginning to shine in the world of private equity. Among the BRIC countries, Brazil had a very strong year in 2012, while India and China fell back. However, other areas — from Africa to Latin … Continue reading
A decade ago, Colombia was struggling with political and social instability, a weak economy and widespread violence. With foreign direct investment (FDI) hovering around US$2 billion from 1999 until 2003, it was clear that the international financial community was not … Continue reading
According to data provided by the Emerging Markets Private Equity Association (EMPEA), Brazil’s PE industry in 2011 raised a record US$7.1 billion, or 18% of the new capital committed to emerging markets. Of this total, it invested US$2.5 billion across … Continue reading